Public-Private Partnership (P3)
Nationally, as well as in Iowa, institutions of public higher education continue to balance mounting budgetary pressures while providing a high-quality, affordable educational experience. In Iowa, the governor asked the public universities to explore options that will allow them to discover additional resources through partnerships.
The University of Iowa received approval from the Board of Regents, State of Iowa, to enter into a 50-year partnership involving its utility system with ENGIE North America and Meridiam. The UI is one of the first universities in the country to engage in a utility public-private partnership (P3).
It’s a P3 that aligns with the UI’s values, while adding long-term usefulness to utility assets and improving the future for the university as well as outcomes for students and Iowans through investment into the core missions of teaching, research, and scholarship.